Mr. Matt Manson reports

MARATHON GOLD ANNOUNCES VOTING RESULTS OF ANNUAL AND SPECIAL MEETING

Marathon Gold Corp. has released the results of voting at the annual and special meeting of shareholders held today, Aug. 10, 2020.

The Company's shareholders voted in favour of all matters brought before the Meeting. All the director nominees set out in the management information circular dated June 30, 2020 were elected as directors, to serve until the next meeting of shareholders of the Company. Details of voting are as follows:

                    Votes FOR  % of Votes cast FOR  Votes WITHHELD  % of Votes cast WITHHELD
George D. Faught   88,274,221               92.58%       7,079,969                     7.42%           
Douglas H. Bache   88,382,386               92.69%       6,971,804                     7.31%           
James K. Gowans    90,541,208               94.95%       4,812,982                     5.05%           
Julian B. Kemp     88,061,131               92.35%       7,293,059                     7.65%           
Matthew L. Manson  88,540,221               92.85%       6,813,969                     7.15%           
Joseph G. Spiteri  88,080,431               92.37%       7,273,759                     7.63%           
Janice A. Stairs   88,516,121               92.83%       6,838,069                     7.17%           

The Company's shareholders also approved the following resolutions: (1) Appointment of PricewaterhouseCoopers LLP as auditors; (2) Approval of the 2020 Amended and Restated Stock Option Plan; (3) Approval of the Equity-Based Share Unit Plan; and (4) Ratification of the Shareholders Rights Plan.

                                                                      % of Votes  Votes WITHHELD   % of Votes cast
                                                           Votes FOR    cast FOR        /AGAINST  WITHHELD/AGAINST

Appointment of Auditors                                  104,392,544      98.82%       1,242,764             1.18%
Approval of 2020 Amended and Restated Stock Option Plan  75,209,011       78.87%      20,145,179            21.13%
Approval of Equity-Based Share Unit Plan                 75,480,750       79.16%      19,873,440            20.84%
Ratification of Shareholders Rights Plan                 88,472,638       92.78%       6,881,552             7.22%

Mr. Faught, Chairman of the Board stated: "On behalf of the Board of Directors we would like to thank our shareholders for their continued support of our development plans as we continue the transition to an experienced and skilled Management team and Board of Directors that is focused on building an open-pit mine and conventional milling operation at the Valentine Gold Project." Mr. Faught commented further: "Phill Walford did not stand for re-election as a director this year. Phill is the former CEO and founder of Marathon Gold and was instrumental in leading the exploration team in the successful drilling programs at the Valentine Gold Camp and for the key role he played in expanding the resource profile and confirming the economic potential of the project. On behalf of the Board of Directors we thank Phill for his many years of service to the company and wish him well in the future."

The results of voting will be filed at www.sedar.com .

About Marathon

Marathon (TSX:MOZ) is a Toronto based gold company advancing its 100%-owned Valentine Gold Project located in the central region of Newfoundland and Labrador, one of the top mining jurisdictions in the world. The Project comprises a series of four mineralized deposits along a 20-kilometre system. An April 2020 Pre-Feasibility Study outlined an open pit mining and conventional milling operation over a twelve-year mine life with a 36% after-tax rate of return. The Project has estimated Proven Mineral Reserves of 1.3 Moz (26.3 Mt at 1.52 g/t) and Probable Mineral Reserves of 0.6 Moz (14.8 Mt at 1.23 g/t). Total Measured Mineral Resources (inclusive of the Mineral Reserves) comprise 1.9 Moz (31.7 Mt at 1.86 g/t) with Indicated Mineral Resources (inclusive of the Mineral Reserves) of 1.19 Moz (23.2 Mt at 1.60 g/t). Additional Inferred Mineral Resources are 0.96 Moz (16.77 Mt at 1.78 g/t Au). Please see the Technical Report dated April 21, 2020 for further details and assumptions relating to the Valentine Gold Project.

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